06-19-2007 Commercial Corridors Spur New Business Growth

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Western Avenue Facade Matching Grant Program 23 grants with a total of $255,380 in investment $133,985 of private investment ($39,495 in 2006) $121,396 in public funding ($39,495 in 2006) Eight 100% grants resulted in $178,990 of funding for businesses Four matching security grants with a total of $15,153 in investment: $7,569 of private investment was leveraged by $7,569 in public funding Streetscape Enhancement Proiects The City has invested $633,933 in new sidewalks, *� lighting and trees from Lombardy Drive to Illinois Street ($175,105 in 2006) 0 Other Physical Projects Successfully completed a $50,000 landscaping project at Laurel and Western, turning a blighted parcel into an asset for the Avenue and the Iglesia Mission which owns it. Acquired and landscaped several vacant lots near the railroad bridge at Western and Walnut Street in 2006. Granted to Entermission Inc. a $50,000 special facade grant, through the Urban Enterprise Association, for building improvements in the 500 block of Western Avenue in 2007. Marketing and Promotional Activities Prior to 2006 Created a new logo for and brochure to market Western Avenue — Western Avenue: Wealth in Diversity Unveiled a newly designed commercial — corridor website at www.sbcorridors.ora _ Doubled membership on the Committee, -Aww _ which better reflects the varied people, neighborhoods and organizations that comprise the surrounding area Partnered with the South Bend Regional Museum of Art's Summer Youth Outreach Program to create a new mural at Western Avenue and Walnut Street 2006/2007 Held second business networking breakfast (@ Goodwill Industries) Continued newsletters and website Worked with Notre Dame to identify businesses with an interest in working with students at the Gigot Center